SRIPERUMBUDUR (Reuters) -- Samsung Electronics' production at a plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labour unrest. South Korea-based Samsung, India's biggest consumer electronics company, counts the country as a key growth market, competing with the likes of LG Electronics to make everything from televisions and refrigerators to smartphones. The strike

Companies Sept. 10, 2024

LONDON (Reuters) -- Apple lost a long-running court battle with the European Union on Tuesday, resulting in the company being forced to pay 13 billion euros ($14.4 billion) in back taxes to Ireland, as part of a wider crackdown on so-called "sweetheart deals." What happened? In 2016, the European Commission’s competition chief Margrethe Vestager accused Ireland of having granted Apple illegal tax benefits, unfairly diverting investment away from other countries. Both Apple and

Technology Sept. 10, 2024

JERUSALEM (Reuters) -- Hezbollah launched hundreds of rockets and drones against Israel on Sunday in retaliation for the assassination of a senior commander in Beirut last month, the Iranian-backed movement said, as Israel's Cabinet met to prepare a response. Israeli jets hit targets in Lebanon shortly before the strikes, as the military assessed that Hezbollah was preparing to begin the barrage, the military said. Hezbollah said it had launched more than 320 Katyusha rockets toward Israel

Foreign Affairs Aug. 25, 2024

RAMALLAH, West Bank -- An Israeli airstrike on a vehicle in the occupied West Bank killed a commander in the Palestinian armed group Hamas on Saturday, Hamas media reported, while Palestinian news agency WAFA said four other men were also killed. The identities of the others were not clear, according to the WAFA report, which cited health officials. The Israeli military said it had carried out an airstrike against a militant cell around the West Bank city of Tulkarm. Hamas media said a vehicle c

World News Aug. 3, 2024

LONDON -- The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently. Governor Andrew Bailey -- who led the 5-4 decision to lower rates by a quarter-point to 5 percent -- said the BoE's Monetary Policy Committee would move cautiously going forward. "We need to make sure make sure inflation stays low, and be careful not to cut interest rates too quickly or by too m

World News Aug. 1, 2024

Major US carriers including American Airlines, Delta Airlines and United Airlines issued ground stops on Friday morning citing communication issues, less than an hour after Microsoft resolved its cloud services outage that impacted several low-cost carriers. It was not immediately clear whether the call to keep flights from taking off were related to the earlier Microsoft cloud outage. Apart from American and Delta, UAL and Allegiant Air too grounded flights. The FAA did not immediately respond

Foreign Affairs July 19, 2024

BUTLER, Pennsylvania -- Donald Trump was shot in the ear during a Saturday campaign rally, in an attack that left the Republican presidential candidate's face streaked with blood and prompting his security agents to swarm him, before he emerged and pumped his fist in the air, mouthing the words "Fight! Fight! Fight!" The shooter was dead, one rally attendee was killed and two other spectators were injured, the Secret Service said in a statement. The incident was being investigat

World News July 14, 2024

PARIS -- France faced potential political deadlock after elections on Sunday threw up a hung parliament, with the left alliance unexpectedly taking the most seats but no group winning a majority. Voters delivered a major setback for Marine Le Pen's nationalist, euroskeptic National Rally, which opinion polls had predicted would win the second-round ballot but ended up in the third spot, according to pollsters' projections. The results were also a blow for centrist President Emmanuel Macron, who

World News July 8, 2024

A workers' union at Samsung Electronics in South Korea said on Monday it would launch a general strike until its demands for better pay and time off were met, warning of more damaging action against the country's most powerful conglomerate than its one-day walkout last month. The National Samsung Electronics Union, whose roughly 28,000 members make up over a fifth of the firm's workforce, is planning to begin the strike on July 8, asking the company for commitments such as improve

Economy July 1, 2024

After President Joe Biden's shaky performance at the debate with former President Donald Trump on Thursday night, some Democrats openly questioned whether he should be replaced as their candidate for the 2024 election. There is a process for doing so, but it would be messy. For answers on how that would work, Reuters spoke to Elaine Kamarck, a senior fellow at the Brookings Institution think tank, a Democratic National Committee member, and author of the book "Primary Politics" ab

World News June 30, 2024

Donald Trump's allies are assuring officials in Japan and South Korea that the Republican presidential candidate will support a Biden-era effort to deepen three-way ties aimed at countering China and North Korea, five people familiar with the conversations said. In conversations over the past weeks, policy advisers with Trump's ear have delivered this message to officials in Seoul and Tokyo: if Trump takes office again, the ex-US president will support the two capitals' work to wa

World News June 29, 2024

Facebook parent Meta Platforms has discussed integrating Meta's generative AI model into Apple Inc's recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. Apart from Google and Meta, AI startups Anthropic and Perplexity have also been in discussions with Apple to bring their generative AI to Apple Intelligence, the Journal reported, citing people familiar with the matter. Apple, Meta, Perplexity and Anthropic did not respond immediately to requests for c

World Business June 23, 2024

TOKYO -- The European Union is seeking security and defense industry partnerships with Japan and South Korea aimed at joint development of military equipment, the Nikkei reported on Sunday, citing a senior EU commission official. These would mark the EU's first such security and defense-related collaboration with Asian nations, the Japanese business newspaper said in a report from Brussels that did not identify the official. The bloc hopes to reach a ministerial-level agreement with Japan b

World News June 23, 2024

CAIRO -- Israeli tanks backed by warplanes and drones advanced deeper into the western part of the Gaza Strip city of Rafah on Wednesday, killing eight people, according to residents and Palestinian medics. Residents said the tanks moved into five neighborhoods after midnight. Heavy shelling and gunfire hit the tents of displaced families in the Al-Mawasi area, further to the west of the coastal enclave, they said. Some eight months into the war, there has been no sign of let up in the fighting

World News June 20, 2024

MOSCOW (Reuters) -- Russian President Vladimir Putin's planned visit to North Korea has been well prepared and will bring good results, foreign intelligence chief Sergei Naryshkin was quoted by state news agency TASS as saying on Monday. Putin, who has developed closer relations with North Korea since the start of the war in Ukraine, is expected to visit the country shortly.

World News June 17, 2024